In an Output Contract,the Seller Can Operate a Factory on a 24-Hour-A-Day

question 68

True/False

In an output contract,the seller can operate a factory on a 24-hour-a-day schedule and insist that the buyer take all of the output when that buyer had operated only eight hours a day at the time the contract was made and the buyer had knowledge of the eight-hour-a-day operating schedule.

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Definitions:

Group Values

Shared beliefs or standards that guide the behaviors and decisions of a collective or group.

Outnumbered

Being in a situation where one group or individual is significantly less in number compared to another group or individuals.

Changing

Refers to the process or act of making or becoming different.

Instrumental Values

Values that reflect the ways you prefer to behave leading toward larger life goals.